FedEx (NYSE:FDX) EVP Sells $955,618.84 in Stock

FedEx Corporation (NYSE:FDX) EVP Gina Adams sold 3,014 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $317.06, for a total transaction of $955,618.84. Following the completion of the transaction, the executive vice president owned 9,656 shares of the company’s stock, valued at approximately $3,061,531.36. The trade was a 23.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

FedEx Trading Down 4.0%

Shares of NYSE FDX opened at $316.14 on Friday. FedEx Corporation has a 1 year low of $202.95 and a 1 year high of $345.36. The stock has a market cap of $74.04 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27. The firm has a 50-day moving average of $303.36 and a 200 day moving average of $337.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Wednesday, October 28th. The shipping service provider reported $3.74 EPS for the quarter, topping the consensus estimate of $3.34 by $0.40. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The business had revenue of $22.93 billion for the quarter, compared to analyst estimates of $22.73 billion. During the same quarter in the previous year, the firm posted $3.83 earnings per share. FedEx’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts expect that FedEx Corporation will post 18.29 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were paid a $1.22 dividend. The ex-dividend date was Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. FedEx’s dividend payout ratio is presently 30.01%.

Analyst Ratings Changes

A number of research firms recently weighed in on FDX. Sanford C. Bernstein set a $377.00 price objective on FedEx in a research note on Monday, October 26th. Truist Financial dropped their target price on FedEx from $365.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Evercore increased their target price on FedEx from $350.00 to $351.00 in a research note on Monday, September 28th. BNP Paribas Exane raised their price target on FedEx from $269.80 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, September 30th. Finally, UBS Group reaffirmed a “hold” rating on shares of FedEx in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $359.16.

Institutional Investors Weigh In On FedEx

A number of institutional investors have recently made changes to their positions in the company. OMERS ADMINISTRATION Corp lifted its holdings in FedEx by 104.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock valued at $6,169,000 after purchasing an additional 8,868 shares in the last quarter. First Nebraska Trust Co bought a new position in shares of FedEx in the first quarter worth approximately $10,675,000. NewEdge Advisors LLC boosted its position in shares of FedEx by 74.1% in the second quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider’s stock worth $10,757,000 after purchasing an additional 14,624 shares during the period. Archer Investment Corp purchased a new stake in shares of FedEx in the second quarter worth $1,147,000. Finally, Tidal Investments LLC increased its stake in shares of FedEx by 9.8% in the second quarter. Tidal Investments LLC now owns 48,662 shares of the shipping service provider’s stock worth $15,238,000 after purchasing an additional 4,340 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx is partnering with the U.S. Army to improve logistics and delivery at depots, arsenals and ammunition plants. The agreement could create business opportunities, though financial terms and expected revenue were not reported. US Army enlists FedEx to modernize logistics at depots
• Positive Sentiment: FedEx participated as a strategic investor in Harbinger’s $240 million funding round. Harbinger is developing electric trucks and other vehicle platforms, potentially supporting FedEx’s access to emerging fleet technologies; the size of FedEx’s investment was not disclosed. Harbinger raises $240M to expand EV platform beyond trucks
• Positive Sentiment: Jim Cramer expressed a favorable view of FedEx, describing a recovery from its lows. This may bolster investor sentiment, though it is an opinion rather than a change in the company’s outlook. Jim Cramer Recommends FedEx
• Neutral Sentiment: A report says Citigroup expects strong price appreciation for FDX, but the available article details do not provide its rating or price target. Citigroup Forecasts Strong Price Appreciation for FedEx
• Negative Sentiment: EVP Gina Adams sold 3,014 shares, reducing her holdings by about 24%. Insider sales can weigh on sentiment, although the report does not give a reason for the transaction. FedEx Stock: Insider Gina Adams Sells 3,014 Shares

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.